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Professional Certificate of Competence in Gibraltar Tax

This course is relevant to those of you who wish to practise tax in Gibraltar.

  • Tax
  • Part Time
  • 23 Weeks
  • Start Academic Year 2022/2023

About this course

The course is designed primarily for recently qualified professionals in the taxation and related sectors who are looking to obtain a Gibraltar-recognised qualification that provides a smooth transition to working in Gibraltar. It is especially relevant to those of you who wish to practise tax in Gibraltar.
The course focuses on the technical aspects of Gibraltar tax and will develop your technical tax competence.

Who is the course for?

The course is primarily aimed at those of you whose professional accountancy qualification covered basic United Kingdom taxation and now wish to become knowledgeable in all aspects of Gibraltar taxation as part of your professional development. Members of the legal profession would also benefit from undertaking this course.

Course Delivery

Subject to minimum numbers being met, the course is due to run in Academic Year 2022/2023. The course will be delivered on a part time basis, 2 hours per week with additional workshops interspersed throughout.

Course Structure

The course will comprise:

  1. 48 hours of class contact time.
  2. Two examinations.

The course will cover all aspects of Gibraltar taxation and is intended to provide comprehensive technical knowledge of current Gibraltar tax legislation, its application and also help to develop the ability to effectively navigate through and interpret the Income Tax Act and the various rules and regulations.

What would I get at the end of the course?

Upon successful completion of this course you will be awarded a Professional Certificate of Competence in Gibraltar Tax from the University of Gibraltar.

The 2022/2023 topics for the proposed course provision below:

Topics
1 Introduction General introduction to the Income Tax Act 2010, Regulations & Rules
2 Introduction Overview of liability to tax; bases of assessment and payment of tax; outline of assessable and taxable income
3 Personal Taxation Assessable income and exempt income
4 Personal Taxation Allowances, deductions and exemptions
5 Personal Taxation Allowances, deductions and exemptions – continuation
6 Personal Taxation Bases of assessments; Reliefs
7 Personal Taxation Non-residents; Pay As You Earn
8 Personal Taxation Self-employment; Partnerships
9 Personal Taxation Assessments; Payment of tax; Returns
10 Personal Taxation Trusts / Foundations
Personal Taxation Mid-term examination
11 Personal Taxation Special category of individuals; Deceased persons; Benefits in Kind
12 Corporate Taxation The charge to tax; Basis of assessment
13 Corporate Taxation Accounting periods; Payment of tax
14 Corporate Taxation Ascertainment of profits or gains; Business entertaining
15 Corporate Taxation Capital allowances
16 Corporate Taxation Utilities; Companies who abuse their dominant position; Construction subcontractors; company wound up; Branches;
17 Corporate Taxation Returns and assessments; Corporate tax computations
18 Corporate Taxation Dividends; other provisions affecting companies
19 General Anti-avoidance; tax ruling procedures
20 General Appeals; Postponement of tax; tribunal; Offences; Penalties; Surcharges; Parent-Subsidiary Company Directive; Pensions; Annuities; Sundry matters
All topics Examination

Note: The sequence in which each topic will be covered and the contents of each session may be subject to change.  The overall content of the course will, however, not change. Throughout the course, participants will undertake case studies as a means of revision and as a basis for discussion of specific issues with a view to improving their understanding of the relevant topics.

Entry profile

To be eligible for this course, candidates should ideally be a trainee, partially-qualified or a professionally qualified accountant. Applications from non-qualified accountants with sufficient experience in accounting / tax will also be considered. However, proof of experience must be provided.

If English is not your first language, you will need to provide proof of competence in English which is acceptable to the University.

Fees

The course is offered subject to minimum numbers being met.  For Course Fees please enquire below.

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